Nexo and AGuard Insurance Companies Act Quickly to Accommodate Disaffiliated Gyms

July 1, 2020 by
Photo Credit: AGuard (https://www.instagram.com/affiliateguard/)

Gyms who have chosen to drop the CrossFit name will have to give up the CrossFit Risk Retention Group (RRG) insurance as it is only available to affiliates, but they will continue to be covered through Nexo Insurance Services, said Eric Reingen, the Vice President and CFO of Nexo.

One big thing: Nexo Insurance Services is the broker for CrossFit RRG, so essentially, disaffiliating gyms are able to shift to Nexo Fitness Solutions insurance with no break in coverage, often keeping the same account manager. Nexo coverage specializes in fitness facilities around the United States. AGuard, another large insurer specializing in functional fitness gyms has created a similarly hassle-free transfer process for those dropping CrossFit.

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